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Citigroup economist warns of global recession as China faces 'hard landing'

Willem Buiter says there is a 55% chance of global economy sliding into a moderate recession by 2017.

Citigroup's sale of OneMain Financial to be delayed on antitrust concerns

Springleaf Holdings, which is set to acquire unit, says deal would be delayed beyond third quarter.

Libor rigging scandal: Tom Hayes found guilty and sentenced to 14 years in prison

The former Citi and UBS trader was diagnosed with Aspergers and argued that he was operating in grey areas.

Libor rigging scandal: Tom Hayes admits he tried to be charged in the UK to avoid extradition

The former trader has been charged with eight criminal counts of conspiracy for allegedly rigging the average London interbank interest rate between 2006 and 2010.

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US shale oil drillers may get $26bn in insurance if crude prices stay low

Over a dozen energy firms buy hedges from lenders, including JPMorgan, Wells Fargo, Citigroup and the Bank of America.

Macquarie to cut half its Asia investment-banking workforce

The Australian group's move comes in the wake of a drop in revenue from the advisory and capital markets unit, amid a slump in deals.

Europe's big banks cut 21,500 jobs in 2014 as banking sector woes continue

Six of the biggest banks in the US cut a total of 37,500 jobs in 2014, compared to 45,700 in 2013.

Citi sells Nicaraguan businesses to Grupo Financiero Ficohsa

Citi's operations in Nicaragua include $255m in assets, a loan portfolio of $171m and over 600 employees.

Citigroup gets US court's approval to process two Argentine bond payments

Ruling expected ease tensions between bank and Argentina, which is seeking to overcome deadlock brought by lawsuit with hold-out funds.

Citigroup plans Argentina business exit amid bond turmoil

Citigroup could sell portions of its Argentine custody business or end some customer relationships.

FX fixing scandal: US seeking about $4bn from RBS and other global banks

RBS, Barclays, Citigroup, JPMorgan Chase and UBS would have to pay about $1bn each.

Potential housing bubble in Hong Kong won't topple its economy

A housing bubble in Hong Kong won't topple its economy

Market watchers believe even a "collapse" in house prices will not set off a prolonged "economic downturn" in the city.

SMBC to buy Citi's Japan retail business for about $332m

Citi's Japanese consumer banking arm has been hit by weak loan demand and falling interest margins.

JCDecaux may bid for rival Clear Channel Outdoor's European assets

Deal will help Paris-based JCDecaux ride out an economic downturn on the continent.

Hong Kong is in a recession, says China expert Andy Xie

Hong Kong Financial Secretary John Tsang Chun-wah has warned that 2014's economic growth could miss revised forecasts.

Citi's Czech retail operations draws interest from five banks

Citi Axing 35 London Trading Jobs Amid FX Fixing Fine

Citi is paying around $1bn in fines to three separate authorities for currency market manipulation

Barack Obama to Nominate Loretta Lynch as First African-American Female Attorney-General

55-year-old Harvard graduate who rose to prominence prosecuting police brutality to be formally announced on Saturday.

UK and US May Impose Forex Fines on Banking Titans

FCA and US CFTC may also announce deals with banks.

Citi's Shares Drop After it Earmarks $600m More to Cover Legal Costs

Citi revises down third-quarter net income to $2.84bn from the $3.44bn.

UBS Wealth Assets Grow by $30bn Boosted by Chinese and Indian Millionaire Rise

UBS gain the most out of any wealth management operation, including Credit Suisse and HSBC.

Citigroup Unearths Illegal Conduct at Banamex Security Unit

Citigroup's results were sullied by a second fraud investigation involving its Banamex unit.

Citigroup to Exit Consumer Banking in 11 Markets

Japan, Peru and Egypt are three of the businesses that will go.

Morgan Stanley Bonuses Boosted While Wall Street Rivals Cut Back

Bloomberg data reveals that JPMorgan's bond traders will share the fastest shrinking bonus pot.

Rio Tinto's London Shares Jump on News It Turned Down Glencore Merger Proposal

Rio Tinto Shares Jump on News It Turned Down Glencore Merger Proposal

Rio's London shares rise 6% while Australian shares end 4.31% higher.

Citigroup Seeks to Halt US Order on Argentina Debt Fearing Penalties and Sanctions

Citigroup says it had "a gun to its head" which would "probably go off" if US court did not allow payment of blocked funds.

Alibaba IPO: Underwriters Expect Shares to 'Pop' 10% to 15% on NYSE Debut

35 to 40 institutions, including BlackRock, have placed orders for $1bn or more shares each.

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